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1400 Woodloch Forest Drive,...

Earthstone Energy Leases Office Space At 1400 Woodloch Forest Drive In The Woodlands, TX
LEASEDOffice

Earthstone Energy Leases Office Space At 1400 Woodloch Forest Drive In The Woodlands, TX

1400 Woodloch Forest Drive, The Woodlands, Texas 77380, United States

Building Size

28,894 SF

Asset Type

Office

Closing

Nov 5, 2022

AI

The Woodlands, TX has witnessed a recent lease transaction involving an office property located at 1400 Woodloch Forest Drive. This space spans a total area of 28,894 square feet, making it suitable for various office purposes.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1400 Woodloch Forest Drive, The Woodlands, TX
  • Market: The Woodlands, TX
  • Landlord: Woodlands Office Equities -’95, LLC
  • Tenant: Earthstone Energy

The property was leased by Earthstone Energy, a company that specializes in energy exploration and production. Representing the landlord, Woodlands Office Equities -’95, LLC, were Norm Munoz, Jillian Fredericks, and Robert Parsley from Colliers. On the tenant's side, John Hornbuckle from Cypressbrook Company acted as their representative in this lease deal.

Players

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker

Spring Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93